ExpressTruckTax Blog

Thursday, August 2, 2012

Form 2290 HVUT Requirements

The heavy vehicle use tax or HVUT is an annual fee assessed
on heavy vehicles operating on public highways at registered gross weights
equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is
determined by adding the unloaded weight of the motor vehicle and any trailers
together with the maximum load customarily carried on-road by the truck-trailer
combination. IRS Form 2290 is filed annually to pay the HVUT due on the taxable
vehicle and proof of payment is the Stamped Schedule 1. The monies collected
are used to offset the cost for road repairs and maintenance.

Suspended vehicles (Category W) are still required to file a
Form 2290, even though there is no tax due.
A vehicle is considered suspended if the motor vehicle does not exceed
5,000 miles or 7,500 miles for agricultural vehicles during the tax period,
regardless of owners.

An agricultural vehicle is any highway motor vehicle that
is:

1.Used (or expected to be used) primarily for
farming purposes, and

2.Registered (under state laws) as a highway motor
vehicle used for farming purposes for the entire period. A special tag or
license plate identifying the vehicle as used for farming is not required for
it to be considered an agricultural vehicle.

Also note that logging vehicles are taxed at a reduced rate.

There are some vehicles that are exempt from the tax and are
not required to file Form 2290. They are

The IRS has simplified the process of filing Form 2290 and
paying your HVUT taxes with the ability to E-File. Anyone who is filing a return with 25 or more
vehicles is required to file electronically, but everyone is now encouraged to
E-File. Through an IRS Authorized E-File
Provider, like ExpressTruckTax.com,

you can file your Form 2290, pay your HVUT
taxes owed to the IRS and receive your Stamped Schedule 1 within minutes. Your Schedule 1 serves as proof of payment
for your HVUT and when you file by the August 31, 2012 deadline you will avoid
any IRS penalties. Contact our friendly
US based customer support center in Rock Hill, SC at 704-234-6005 or email us
at support@ExpressTruckTax.com.